Before your next U.S. acquisition, check how the company’s home state votes. Our research shows that the performance of buyouts in “red” Republican states is likely to be above average, while buyout performance in “blue” Democratic states is likely to fall below the mean. (See map.) This finding held even after controlling for a dozen […]

It took over a year to for Microsoft and Yahoo to to forge their alliance in the internet search and advertising business (not counting the previous time the new partners were eyeing each other from across the room). Hence you’d expect a powerful combination of assets, structured to deliver value to users and shareholders. Guess […]